France: Continental shares extend its negative range – Analysis – 22-10-2018

Continental shares price provide negative crawling to notice its move below 50% Fibonacci correction level that formed additional support at 133.20, which confirms the preparation to renew the negative attempts to move towards new negative targets that start at 120.20 followed by reaching 104.00.

Note that stochastic crawl towards the oversold areas reinforces the negative overview by providing additional negative momentum to ease the attempt to reach the suggested negative targets.

Expected trading range for today is between 133.20 and 120.20

Expected trend for today: Bearish